Key takeaways:
- Afreximbank’s total assets and contingencies rose 7.8% to $52.3 billion in H1 2026
- Net income increased 30% to $534.7 million
- The bank completed a $1.5 billion dual-tranche bond issuance, its largest debt capital markets deal to date
African Export-Import Bank (Afreximbank) has reported a strong financial performance for the first six month of 2026, with total assets and contingencies rising 7.8% to $52.3 billion.
The assets rose from $48.5 billion at the end of 2025.
Afreximbank made this disclosure in a press statement on Monday, adding that the results reflect the strength of its underlying business.
“Profitability indicators showed further improvement, with return on average shareholders’ equity rising to 13%, compared with 11% in H1’2025, while return on average assets increased to 2.54% from 2.22% over the same period.,” the bank said in the statement.
According to the press statement, the growth was driven primarily by expansion in the bank’s lending activities.
Net loans and advances increased 5.7% to $35.4 billion, compared with $33.5 billion at the end of 2025.
Earnings climbed across the board
The bank said it recorded a sharp rise in earnings during the first half.
As a result, net income reached $534.7 million, a 30% increase from $412.7 million recorded in the first half of 2025.
The bank’s cost-to-income ratio held at a relatively healthy 20%, up slightly from 19% in H1 2025, despite higher personnel expenses and persistent inflationary pressures.
Also, Afreximbank maintained a sound liquidity position, with liquid assets accounting for 13% of total assets, comfortably within its strategic target range of 10% to 15%.
Shareholders’ funds increased to $8.5 billion from $8.4 billion at the end of 2025, supported by $534.7 million in internally generated profits and $13.9 million in new equity raised during the period.
The bank further strengthened its funding profile after the reporting period, completing a $1.5 billion dual-tranche bond issuance, the largest international debt capital markets transaction in its history.
The deal comprised a $750 million 5.5-year tranche and a $750 million 10-year tranche, and was approximately two times oversubscribed, a sign of strong investor confidence in the bank’s credit and its capacity to support future growth objectives.
